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An update from Greatland Resources ( (GB:GGP) ) is now available.
Greatland Resources has made significant strides over the past year, transitioning from a non-controlling interest in Havieron to full ownership of both the Telfer mine and Havieron project. This acquisition has enabled the company to produce over 198,000 ounces of gold, generating $601 million in operating cash flow, surpassing the acquisition cost. With a strong cash position and no debt, the company has also achieved a major milestone by listing on the ASX, marking its evolution into a leading Australian gold-copper producer. Looking forward, Greatland plans to release the Havieron Feasibility Study and invest in extending the life of the Telfer operation, aiming to deliver more value to shareholders.
More about Greatland Resources
Greatland Resources is a gold and copper mining company listed on the Australian Securities Exchange and London’s AIM Market. The company operates from Western Australia and owns the Telfer mine and the Havieron gold-copper development project, providing a substantial operation in the Paterson Province of the East Pilbara region.
Find detailed analytics on GGP stock on TipRanks’ Stock Analysis page.